Chuck, before this gets on the ballot in 2008, it needs to pass another legislative session with 25% of the vote. Our new governor supports gay marriage 100% (unlike our last miserable governor) and he has vowed that this fight to keep the initiative off the ballot is far from over. Let's hope he is right.
As of now, a slight majority of the residents in Massachusetts approve of gay marriage. Hopefully that number will grow between now and 2008 if this gets on the ballot. I have a feeling that if it does get on the ballot, the people spearheading this initiative will pull out all of the stops to twist and distort the truth, and try to demonize gay couples as much as they possibly can.
No matter what happens, the people who have been married since gay marriages have been legal in this state will stay married (including us, married July 28, 2005, the 10th anniversary of the day we met).